Single Family Home Phoenix, Az.

[Todd E.]

Investment Info:

Single-family residence buy & hold investment in Phoenix.

Purchase price: $105,000
Cash invested: $105,000

4/2 single family with pool and 2 car garage.

What made you interested in investing in this type of deal?

I lived here for many years before moving I decided to keep my house and rent it out.

How did you find this deal and how did you negotiate it?

A Realtor friend of mine owned it as a rental, I was looking for a place to buy for my personal home. He gave me a sweet deal.

How did you finance this deal?

FHA Loan, now paid off

How did you add value to the deal?

New roof, New A/C Unit, New Paint, Remodeled kitchen and front bathroom, New Pool Filter

What was the outcome?

I am now in my new home and my rental is rented on a 1 year lease to a family of 4

Lessons learned? Challenges?

Just used what I have learned from bigger pockets

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Not for the rental